NEW YORK (TheStreet) - Alibaba, on Monday, pulled back the curtain on its unique partnership structure and one figure stands out among the 27 people named as the culture carriers of China's largest e-commerce company: one-third of Alibaba's partners are female.
That figure indicates Alibaba is doing better than Silicon Valley peers such as Amazon (AMZN), Google (GOOG), Twitter (TWTR) and eBay (EBAY) when it comes to gender equality. The company's partnership is treated by founder Jack Ma as fundamental to the company's culture and its ability to continue to innovate in the ultra-competitive e-commerce marketplace.
Female partners of the firm include Trudy Shan Dai, chief customer officer, Fang Jiang, VP of corporate integrity and human resources, Lucy Lei Peng, chief people officer and CEO of small and micro financial services, Sabrina Yijie Peng, VP of international and small and micro financial services, Judy Wenhong Tong, COO of China smart logistics, Sophie Minzhi Wu, president of Alibaba.com and 1688.com, Maggie Wei Wu, CFO, Sara Siying Yu, associate general counsel in China, and, Yu Zhang, VP of corporate development.
Those partners indicate that Alibaba has a strong female presence within its executive ranks and is a stark contrast to China's male-dominated political and corporate culture. Alibaba's one-third female partnership may also underscore that the company's corporate governance policies are closer in-line with U.S. standards than many may have expected.
Partnership Drives U.S. Listing
Alibaba decided to list its shares in the U.S. because of a spat the company had with Hong Kong regulators, who would not allow the company to list its shares with a special partnership structure. Many U.S. financial pundits took that ruling and Alibaba's decision to list in New York as reason to believe the company would list its shares with a dual class stock structure, giving insiders different voting rights than ordinary shareholders.